Summary
This 8-K filing by Western Digital Corporation (WDC) reports the resignation of a Board of Directors member, Paula A. Price, effective February 14, 2019. Ms. Price's departure is attributed to her increased responsibilities as the Chief Financial Officer of Macy's, Inc., a role she assumed in July 2018. Importantly, the company states that her resignation was not due to any disagreements regarding WDC's operations, policies, or practices. Investors should note that this event is primarily an administrative and governance update. While the departure of a board member can sometimes signal underlying issues, WDC explicitly clarifies that this is not the case here. The filing also includes a press release detailing this resignation, which is incorporated by reference. This event does not appear to have immediate financial implications but is a standard disclosure related to board composition.
Key Highlights
- 1Paula A. Price resigned from the Western Digital Board of Directors, effective February 14, 2019.
- 2Ms. Price's resignation is due to her expanded duties as CFO of Macy's, Inc.
- 3The resignation was not prompted by any disagreements with Western Digital's operations, policies, or practices.
- 4The filing serves as an update on the composition of the Board of Directors.
- 5A press release dated February 15, 2019, announcing the resignation is attached as an exhibit.